Whether you are buying or selling an ATV (All-Terrain Vehicle) you are going to need a Bill of Sale. This is a legal document which protects you if there are any disputes in the future. The first thing you will want to do is meet the seller or buyer, as the case may be, to look at the vehicle and discuss all the details of the sale. Does it have a title? Is there any damage? The price and so forth. If you would like to have it inspected by a licensed mechanic, now is the time to ask. Once everything is agreed upon then you may start filling out your bill of sale.
Thing to include in bill of sale form
- You will start by writing in the buyer and sellers Name, Address, and Phone Number. Include the Date of the sale and whether it is being sold AS-IS.
- If it is being sold “AS-IS” then this is to protect the seller from any liability that happens in the future. You cannot come back later and blame the seller for anything.
- Jot down all information about the vehicle itself. This should include the Make, Model, and Year of the ATV.
- What color it is and how many cylinders it has should also be included. Write down the odometer reading and the VIN Number. This is your Vehicle ID Number.
- If there was a down payment made, then add this as well.
- Sign and Date the form by all parties including any witnesses. You might want to have your Bill of Sale notarized by a Licensed Notary Public.
You will need to check the laws of your state, each state is different, to see if you will need to register your new ATV. If so then you will need to bring your bill of sale when you go to register it. Be sure to keep your bill of sale in a safe place. Lock it up or keep it in a safe. This is your proof of ownership.